You’ve heard that putting your money into real estate is a good move. You’re investing in something tangible, something that everyone needs. It’s good to feel like you can earn money while providing a necessary service.
When planning for retirement, most people simply want to live as comfortably as possible. This means having some spending money aside from just their pensions or RRSP funds. There are all sorts of ways to do this but some, like the stock market, can be risky if you’re not an expert.
Investing in real estate can seem high-stakes simply because it usually requires a large amount of capital to get started. Naturally, this makes people even more cautious before getting started.
But a smart investor doesn’t take unnecessary risks.
You know that there’s some risk involved with any type of investing, but some investments feel a bit safer than others. For instance, the stock market is generally at the whim of consumer reaction, but you can usually trust the people running the companies you invest in are doing their best to increase profits.
If you’re thinking about dipping your toe into the real estate investment waters, you’re probably thinking a lot about how much time you’ll have to spend working on this business.
Over and over, we see people making the same mistakes when investing in real estate. To be honest, It’s frustrating! With just a bit more knowledge, or with the help of an experienced team, they could avoid the hassles and financial problems that happen as a result of the mistakes they made.
Buying a rental property can feel overwhelming, especially if it’s your first time in the real estate investment pool. There are so many different things to think about before you jump in.
When you break it down into simple steps the task seems more manageable. We’ve outlined the basic steps that you need to go through as you buy a rental property.
So you were able to purchase your own home with five percent down (although the minimum down payment required changes depending on the purchase price of your property). As a real estate investor, how much you will need as a down payment for your investment property is dependent on whether the property will be owner-occupied or not.